Can you use Virtual Machines for retro gaming?

I investigate whether or not you can use virtual machines for some old school games. These are the results.

Main PC Specs:
AMD FX-8320 @ 4ghz
AMD Radeon R7 370 (MSI OC Edition)
8GB DDR3 RAM in single channel.
MSI 970 Gaming Motherboard
1TB 7200 RPM HDD
Lenovo ThinkVision 1440x900 Monitor @ 75hz
NEC Multisync 50 1280x1024 CRT Monitor @ 60hz

Download VMware: https://www.vmware.com/products/player/playerpro-evaluation.html

Old DirectX Downloads: http://www.philscomputerlab.com/directx.html

My Twitter: https://twitter.com/NTG_Television